Electronic wallets, or e-wallets for short, are one of the most popular ways for making payments online. Whether you need to send money to a loved one, pay for online purchases, or a way to make deposits securely to an online casino account, Skrill has got you covered. Using Skrill is fast and easy, and you do not need to be tech-savvy to use it. Among online gamblers, Skrill is one of the most used deposit methods, so in this article we are looking a bit more closely at how it works.
Electronic wallets, or e-wallets for short, are one of the most popular ways for making payments online. Whether you need to send money to a loved one, pay for online purchases, or a way to make deposits securely to an online casino account, Skrill has got you covered. Using Skrill is fast and easy, and you do not need to be tech-savvy to use it. Among online gamblers, Skrill is one of the most used deposit methods, so in this article we are looking a bit more closely at how it works.
To use Skrill’s e-wallet service, you first need to create an account at Skrill’s website. The registration process is easy and does not take a lot of time – all you need to provide are your personal details and a payment method you want to use to top up your electronic wallet with some funds. Depositing to your e-wallet is totally free in most cases, with the exceptions of bitcoin, Paysafecard, and Neteller, where a fee of 1% applies. This fee is not imposed by Skrill and they receive no part of it, which is why some other payment methods such as debit cards and wire transfer are free to use. Once you have topped up your Skrill account with some money, you can then move on to spending it at your favourite online casino.
As e-wallets are often the preferred deposit method of gamblers, you should find plenty of new online casinos accepting Skrill or other e-wallet providers. As Skrill operates in over 200 countries and accepts more than 40 currencies, they cover a wide range of users and online casinos on a global scale.
Not only is Skrill popular due to its ease of use, they also reward loyal users with a VIP program consisting of multiple tiers, special rates, and cashback. These rewards combined with the extra layer of security that using an e-wallet provides makes Skrill an incredibly attractive choice for money transactions.
If you do not have the full sum you wish to deposit, no worries. By entering your debit card details into Skrill’s website while making the deposit allows you to pay for the deposit instantly, with Skrill acting just as a middleman between your debit card and the online casino. If you have saved your card details to your Skrill account, your transactions will be even swifter.
Once you have racked up some winnings at the casino, you can transfer the money from your casino account back to your Skrill e-wallet. Withdrawing funds is free and easy – just make a withdrawal request from the casino, and once it has been approved, the funds will be immediately transferred to your Skrill account. You can then store the money on your e-wallet or use it as you wish. If you do want to transfer the money further from your Skrill account to your bank account or your credit/debit card, it will cost you a handling fee – depending on your choice, it can be a set sum or a percentage of the transferrable funds.
Electronic wallets provide a great service to many online gamblers who value the extra security. E-wallets essentially work as a middleman by sending your money to the seller without ever sharing your financial details, such as your bank account or debit card number. The seller will only be able to tell that the funds were sent by Skrill, nothing else. This provides security as it protects your valuable and private information, making it much harder for any hackers to get their hands on your money. All transactions are processed with state-of-the-art encryption. For added safety, you can use two-factor authentication, which requires you to confirm each transaction by using your mobile phone as an authenticator. As a result, even if someone got your login details, they would not have the option to make any payments.
Skrill has some competitors in the field of e-wallets, and some of them rather notable. The most popular e-wallet service is still PayPal, which has been around since 1999. PayPal handles millions of payments each day and accepts over 100 different currencies. Another e-wallet popular amongst online gamblers is Neteller, which you may see as an available payment method in many online casinos.
If you would rather not use an e-wallet, you can always check out whether there is an instant banking system like Trustly available to you. They also handle transactions between the buyer and the seller, but the main difference to e-wallets is that you cannot store money on an instant banking service. You could also opt for using your debit card or a pre-paid voucher to make your deposits.
Skrill is a fantastic service, and its ease of use and security are appreciated by millions of users across the world. The instant payments and withdrawals, the ability to store money set aside from your bank account, and the great loyalty rewards make it a great choice. As it is geared towards online players, you should also not run into any problems finding new online casinos to use Skrill at.
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